V Square Quantitative Management LLC Buys 685 Shares of Workday, Inc. (NASDAQ:WDAY)

V Square Quantitative Management LLC raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,284 shares of the software maker’s stock after buying an additional 685 shares during the period. V Square Quantitative Management LLC’s holdings in Workday were worth $847,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. AMS Capital Ltda purchased a new stake in shares of Workday in the fourth quarter valued at approximately $3,683,000. Mcrae Capital Management Inc. boosted its holdings in shares of Workday by 0.6% in the fourth quarter. Mcrae Capital Management Inc. now owns 59,478 shares of the software maker’s stock valued at $15,347,000 after purchasing an additional 328 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Workday by 8.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 85,217 shares of the software maker’s stock valued at $22,688,000 after purchasing an additional 6,518 shares during the period. Avestar Capital LLC purchased a new stake in shares of Workday in the fourth quarter valued at approximately $314,000. Finally, Sawgrass Asset Management LLC purchased a new stake in Workday during the fourth quarter worth $11,173,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $258.05 on Friday. The company’s fifty day moving average price is $262.30 and its 200 day moving average price is $251.24. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market capitalization of $68.64 billion, a P/E ratio of 42.79, a P/E/G ratio of 3.78 and a beta of 1.35.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%. Workday’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $253.86, for a total value of $1,586,625.00. Following the sale, the chief executive officer now owns 13,972 shares of the company’s stock, valued at $3,546,931.92. This trade represents a 30.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 70,003 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $251.20, for a total transaction of $17,584,753.60. Following the completion of the sale, the insider now directly owns 102,997 shares in the company, valued at approximately $25,872,846.40. This trade represents a 40.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 438,819 shares of company stock worth $113,142,592 in the last ninety days. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Thursday, February 6th. Royal Bank of Canada upped their target price on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Citigroup cut their target price on Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Bank of America cut their target price on Workday from $310.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company upped their target price on Workday from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $292.43.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.